Peiffer Wolf Carr Kane & Conway has extensive experience representing plan participants and beneficiaries in claims where ERISA fiduciaries imprudently invested plan assets causing losses to the plan participants. When employers breach their duties by investing plan assets imprudently, plan participants can seek to hold them accountable for losses the plan suffers as a result.įederated Hermes may have breached its fiduciary duties by making unsuitable investments with employees’ 401k portfolios, potentially costing participants in its 401k plan thousands of dollars in lost retirement savings. Under ERISA, plan participants and beneficiaries may seek redress for breaches of fiduciary responsibility, denial of benefits, or failure to provide adequate disclosures of plan terms or benefit changes.ĮRISA requires employers who sponsor retirement plans to act prudently, loyally, and with the highest regard for the interests of the employees who participate in the plans when it comes to selecting investment options and investing plan assets. SHAREHOLDER RIGHTS / DERIVATIVE LITIGATIONĮRISA governs various types of retirement plans including 401k plans.▪︎ Southern Baptist Convention Sexual Abuse.▪︎ Catholic Church and other Religious Institutions.▪︎ EXACTECH KNEE AND ANKLE IMPLANT RECALL.Nursing Home and Assisted Living Injuries.▪︎ OPTIONSELLERS AND INTL FC STONE LAWSUIT.FUTURES ARBITRATION & COMMODITIES LITIGATION.The results beat Wall Street expectations.

Earnings, adjusted for investment costs, were 78 cents per share. The Pittsburgh-based company said it had net income of 64 cents per share.

▪︎ Securities Industry Employment Disputes (FHI) on Thursday reported second-quarter profit of 57.7 million.

▪︎ CLEVELAND UNIVERSITY HOSPITAL LAWSUIT.▪︎ Toledo Public School System Data Breach Lawsuit Federated Hermes' total managed assets were 631.9 billion at June 30, 2022, down 13.9 billion or 2 from 645.8 billion at Jand up 0.8 billion or less than 1 from 631.1 billion.▪︎ Pasco County Jailcontaminated Insulin.Victim of Investment Fraud or Broker Misconduct? Contact us Credit Suisse Greensill Capital Investigation.Danny Chancellor and Brent Chancellor Investigation.

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